Planning to buy silver jewellery or bars? The silver rate today 18 February 2026 keeps sliding in India. After touching record levels in late January, the white metal is in a sharp correction phase, giving buyers a chance to enter at much lower levels.
National average retail price now hovers around ₹2,59,900 per kg — down ₹5,000 to ₹8,000 from yesterday in most cities.
Silver Rate Today
- 1 Gram: ₹259.90
- 10 Grams: ₹2,599
- 100 Grams: ₹25,990
- 1 Kilogram: ₹2,59,900
City-Wise Silver Rate Today (per kg)
| City | Price per kg (approx.) | Daily Change |
|---|---|---|
| Chennai | ₹2,64,900 | -₹7,000 |
| Hyderabad | ₹2,64,900 | -₹7,000 |
| Kerala | ₹2,64,900 | -₹7,000 |
| Mumbai | ₹2,59,900 | -₹8,000 |
| Delhi | ₹2,59,900 | -₹8,000 |
| Kolkata | ₹2,59,900 | -₹8,000 |
| Bangalore | ₹2,59,900 | -₹8,000 |
| Pune | ₹2,59,900 | -₹8,000 |
Southern cities hold a small premium.
MCX Silver Rate Today
MCX March 2026 futures trade near ₹2,37,070 per kg (mid-day). Intraday high: ₹2,37,300 Morning session saw ~3.5% recovery, but monthly trend stays bearish after January 29 peak of ₹4,10,000.
Why Silver Is Falling
Stronger US Dollar makes silver costlier for Indian buyers. Lunar New Year holidays close China, Hong Kong markets → lower liquidity and bigger swings. US-Iran talk progress reduces safe-haven rush. Wedding-season jewellery demand holds steady, but electronics & solar industrial demand cooled slightly.
February Trend Snapshot
- Feb 1 high: ₹3,50,000/kg
- Today’s range: ₹2,55,000–₹2,59,900/kg
- Monthly drop: ~27%
Analysts call this a healthy pullback after January’s 47% surge.
Silver Rate Today FAQs
1. Is it a good time to buy silver today?
With prices corrected significantly from the January highs, long-term investors may find the current ₹2.60 lakh range an attractive entry point, though volatility may persist.
2. Why is silver cheaper in Mumbai than in Chennai?
Local entry taxes (octroi) and varying VAT/GST implementations, along with transportation costs from ports, cause these regional price differences.
3. Does GST apply to silver purchases?
Yes, a 3% GST is applicable on the value of silver, and making charges are extra for jewelry.
The silver rate today 18 February 2026 looks much friendlier than a month ago. Watch global cues closely before jumping in.
Disclaimer: The information in this article is for informational and educational purposes only. While we strive for accuracy, we make no guarantees regarding the completeness or reliability of this content. Use of this information is strictly at your own risk.
Sources & References
- Multi Commodity Exchange of India (MCX) Live Data
- Goodreturns – Silver Price Tracking
- The Economic Times (Commodities Section)
- Reuters & Bloomberg Global Metal Reports
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
